The same day, talks between Greece and major creditors collapsed. They want higher returns in return for taking a 50% haircut on worthless junk. It’s reflected in one-year Greek bonds. They yield 396% annually if they’re around that long.

Hungary’s also troubled. Its bonds are rated junk. Western European lenders control 80% of Hungarian banking. They caused the nation’s troubles. Prime Minister Viktor Orban wants more financial control, and why not. Western exploitation wrecked the economy.

Nonetheless, Brussels wants him to implement greater austerity and threatened legal actions for failure to do so. Earlier, bailout negotiations broke down after Budapest refused to cut public spending and implemented new constitutional provisions asserting greater central bank control.

Perhaps other troubled Eastern European countries will follow Hungary’s lead if it doesn’t cave under pressure.

It also said reform based on fiscal austerity “risks becoming self-defeating” because of less disposable income, tax revenues, and fewer jobs. Of course, S & P and other financial interests want continued structural adjustment harshness, including layoffs, deeper wage and benefit cuts, sweeping privatizations, and deregulation.

On January 15, Financial Times writer Edward Luce headlined, “We’re back to the phantom future,” saying:

“We may be entering that economic twilight zone again.” Days earlier, pundits were celebrating America’s recovery. Their relief’s now suspended. Visible weakness suggests “the horses may not be racing out of the gates in 2012 as some anticipated.”

Perhaps forecasters see “low visibility” for America’s economy. It might become “an epitaph for our times. It may also help to remind ourselves just how bad the forecasters have been.”

A Berkeley study years back found that monkeys aiming at a dartboard outguessed them. Just released 2006 Fed transcripts showed policy makers oblivious to the impending storm. Bernanke said at the time:

“I think we are unlikely to see growth being derailed by the housing market. But I do want us to be prepared for some quarter-to-quarter fluctuations.”

In fact, he spoke near the peak of America’s greatest ever housing bubble still imploding with no end in sight. The entire economy’s affected with it. Talk of turning the corner obscures weakening, not improving, economic prospects.

In fact, safe havens are fast disappearing. When it comes to sovereign credit, only a handful retain triple-A ratings, and those with them show weakness.

It’s spreading, not easing. Eurozone countries are sick. Economist David Rosenberg called downgrading France “a pretty big deal. (S & P) laid down the gauntlet that kicking the fiscal dan down the road is no longer a strategy undeserving of a response.”

Moreover, 14 countries remain on credit watch. Expect further downgrades ahead. Greece is bankrupt. Spain, Portugal and Italy are basket cases. So is Eastern Europe. Germany’s now contracting. So is Britain. Banking and finance are sinking. US retail sales and exports are slumping.

China risks landing hard. America’s record low 10-year Treasury yield shows weak macro conditions. Initial jobless claims are rising. In the past 30 months, the labor force contracted by nearly one million. In the last two months alone, it dropped by 170,000. This reflects people wanting jobs who can’t find them.

Challenger data suggest less hiring. JOLTS data show more firings, and the National Federation of Independent Business (NFIB) indicates fewer job openings.

According to Barron’s Rountable analyst Felix Zulauf in response to the question, “What happens at the next level of turmoil?”:

“The banking system goes broke. Assume Greece won’t repay anything, or at most 10% of its total debt. It is not just the government but the private sector that is bust. That means banks in other countries will be in trouble, which means they will be nationalized.”

“Governments won’t have the money to pay for this, so they will assume more debt. That is the chain of events I expect in 2012, and if you believe it won’t affect the US you are dreaming.”

In 1979, Europe’s Exchange Rate Mechanism (ERM) was introduced as part of the European Monetary System (EMS). It aimed to propel the continent to one European currency unit (ECU). It never worked.

“the true story of the ERM has been one of duplicity, skullduggery, conflict; of economic harm done to every country and in the caste interests of the elite; of the distortions of economic logic and the dilution of political accountability.”

“The implication is that increasing globalization of economic activity and mobility of production, has been purposely implemented in such a way as to render an already destroyed ‘nation-state’ a meaningless entity in economic terms.”</blockquote>

Provisions of the 1992 Maastricht Treaty established the euro. In 1995, the name was officially adopted. Its use began in December 1998. Seventeen dissimilar countries adopted it as their sole currency. They’re trapped disastrously in its straightjacket.

In the mid-1990s, Connolly called establishing it a hairbrained idea doomed to fail. Saying it cost him his job as EU monetary affairs department head. He saw disaster coming before the train left the station. The moment of truth draws closer.

Progressive Radio News Hour regular Bob Chapman said Germany and France want “new rules for budgetary discipline.” Their new plan’s the same as the old one. They feature austerity and ECB mega-loans for countries and banks.

“There will be no real changes, just more debt. This is more obfuscation because nothing is being done” to resolve debt problems and jump-start economic growth. Banks and sovereigns keep borrowing more money. The ECB provides it. The Fed supplies it. It’s creating trillions out of thin air. The entire system can’t function without periodic money injections.

“The bottom line is there was no control before and there will not be any in the future. These incompetents stagger from one problem to another in their futile endless search for world government.”

As a result, Europe sinks deeper in trouble. This year will be tough and 2013 tougher.

On January 16, the Global Europe Anticipation Bulletin (GEAB) issued its latest economic assessment titled, “Global Systemic Crisis – 2012: The year of the world’s great geopolitical swing,” saying:

The year 2012 will reflect “great geopolitical swing: a phenomenon which will without any doubt be the bearer of serious difficulties for most of the planet but which will also allow the emergence of geopolitical conditions favorable to an improvement of the situation in the years to come.”

Crisis will touch the last “untouchables,” including America, Britain, the dollar, Treasuries, and “Russian and Chinese leaders.” In 2012, popular anger will “massively” increase. People will assert themselves enough perhaps to mark a “turning point” for eventual better times.

“The great swing of 2012 is also the accelerated by collapse of the Western banks and financial institutions’ power….And the great swing is finally the arrival at maturity of the BRICS (Brazil, Russia, India, China, South Africa).”

They’ll start asserting a more pro-active influence on international decisions. They better given the mess Western nations made of things.

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's all happening now big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale". This site must be on some list at GCHQ/NSA as my AdSense revenue which I rely on has gone down by a third. Either people are not helping out by visiting sponsors sanymore or I am being blackballed like many YouTube sites.

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally I know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know some people in prison now for the content they had on their "secret private group". Use Telegrams secret chat mode to chat on, or if you prefer Wickr. If you really need to, buy a dumb phone with nothing for the NSA/GCHQ to hack into. Ensure it has no GPS tracking on it and that the battery can be removed. These are usually built for old people to get used to technology storing only a set of numbers to call. However they have no games, applications to install or other ways people can exploit the computer tracking device you carry round with you most of the day - your smart phone. If you are paranoid ensure that you can remove the battery when travelling around and do so to prevent GPS tracking or phone mast triangulation. Even with your phone in Flight mode or turned off, it can be turned on remotely and any features like front or back cameras, microphones and keylogging software can be installed to trace you.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering rubbish) then I could REALLY do with some..

Even if it's just £5 or tick the monthly subscription box and throw a few pound my way each month, it will be much appreciated. Read on to find out why.

Why?

Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material.

Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and tag any tweets with alternative news from the mainstream with the #altnews hashtag I created to keep it alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?

About Dark Politricks

Dark Politricks is a site dedicated to investigating the dark side of politics including corruption, propoganda, the police state, war on terror, the intelligence services and their misdeeds, false flag attacks and much more. The site also promotes free speech, internet freedom and social justice. For an overview of my beliefs and political leanings please read this.

Whereas the site contains many articles from various sources I do write a lot of my own essays and I am now having to pay for hosting to ensure that this under reported content is available. So please help me continue to do so by visiting advertisers sites or making a small donation.

Get instant notification of new article postings and other news collated from the best sites on the net by following me on